When is it worth refinancing?

Refinancing is typically worthwhile when you can access a significantly lower interest rate (usually 1%+ lower), your current loan has high break costs that you've passed, or you need to restructure payments for better cash flow. We can help you calculate whether refinancing makes financial sense.

What are break costs?

Break costs (or early termination fees) are charges your current lender may apply if you pay out your loan before the agreed term. These vary by lender and loan type — some loans have no break costs after a certain period.

Can I refinance if my credit score has dropped?

It may be more challenging but not impossible. We work with a range of lenders, some of whom specialise in clients with less-than-perfect credit. The key is demonstrating your ability to meet the new repayments.

How long does refinancing take?

The refinancing process typically takes 2-5 business days from application to settlement, though complex situations may take longer. We work to make the transition as smooth and fast as possible.

Can I refinance multiple loans at once?

Yes, consolidating multiple loans into one new agreement is a common reason for refinancing. This simplifies your finances with one payment and may reduce your overall interest costs.

Will refinancing affect my credit score?

A refinancing application will result in a credit inquiry, which may have a small temporary impact. However, if refinancing leads to better repayment management, it can improve your credit score over time.

Refinance Options

Restructure your existing finance for better rates, lower repayments, or improved cash flow. We'll help you find a smarter deal.

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What is Asset Refinancing?

Refinancing allows you to replace an existing finance agreement with a new one, typically to access better rates, lower repayments, or unlock equity in your assets. Whether you have a car loan, equipment finance, or multiple business debts, refinancing can restructure your obligations for improved cash flow.

Lower your interest rate — access more competitive rates that have become available

Reduce monthly repayments — extend terms or access better rates to ease cash flow

Consolidate multiple debts — combine several finance agreements into one manageable payment

Unlock equity — access cash tied up in assets you've been paying off

Improve terms — switch from variable to fixed rates or adjust balloon payments

How Refinancing Works

Review Current Loans

We assess your existing finance agreements and outstanding balances

Compare Options

We search our panel for better rates and terms suited to your situation

Get Approved

Once approved, the new lender pays out your existing loans

Start Saving

You make payments on your new, improved finance agreement

Who Is Refinancing Best For?

Paying High Interest Rates

If your current rate is higher than today's market rates, refinancing could significantly reduce your costs.

Struggling With Repayments

Extend your term or find a lower rate to reduce monthly financial pressure.

Multiple Finance Agreements

Consolidate several loans into one payment for simplicity and potential savings.

Balloon Payment Coming Due

Refinance an upcoming balloon payment into manageable monthly instalments.

Financial Considerations for Refinancing

Refinancing can have significant financial impacts. Here are key considerations:

Break costs may apply — your current lender may charge early termination fees

New loan fees — establishment or application fees may apply to the new loan

Interest savings — calculate total interest savings over the new loan term

Term extension — while repayments may decrease, a longer term means more total interest

Tax implications — consult your accountant about any changes to your tax position

We recommend calculating the total cost of refinancing (including break costs and fees) against potential savings before proceeding. Our team can help you with this analysis.